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Cheese Market to Touch USD 155.49 Billion by 2027; Increasing Demand and Consumption of Fast Food Products Worldwide to Accelerate Market Expansion, Says Fortune Business Insights™

Pune, Nov. 24, 2020 (GLOBE NEWSWIRE) — The global cheese market size is projected to reach USD 155.49 billion by 2027, exhibiting a CAGR of 3.7% during the forecast period. The emergence of vegan cheese products will play an instrumental role in the development of this market, observes Fortune Business Insights™ in its report, titled Cheese Market Size, Share & COVID-19  Impact Analysis, By Source (Animal-based and Plant-based), Product Type (Cheddar, Mozzarella, Parmesan, Feta, and Others), Type (Processed, Natural, Block, Spreadable, and Hard and Soft Cheese), Distribution Channel (Supermarkets/ Hypermarkets, Specialty Stores, Convenience Stores, and Online Retail), and Regional Forecast, 2020-2027”. With consumer food preferences steadily shifting towards vegan food products, several vegan cheese brands are gaining traction in this industry. For example, New York-based Treeline Cheese makes 100% dairy-free probiotic cheese varieties. Another such company is Dr. Cow, a vegan cheese company based in New York, that makes raw, organic, and non-GMO cheeses from Indonesian cashew nuts, Brazilian, or Macadamia nuts. Similarly, California-based Miyoko’s Kitchen makes handcrafted vegan cheese items that are gluten-free and consist of organic ingredients such as coconut oil and nuts. Thus, the growing availability of natural cheese varieties is expected to broaden market horizons in the coming years.The COVID-19 pandemic has given birth to widespread economic distress and uncertainty, with several industries, markets, and businesses experiencing enormous financial stress. However, together, the global community can tide over these challenging times, and at Fortune Business Insights™, we aim to provide precise market intelligence through extensive and intensive research into the impact of this pandemic on various businesses.Through continuous and sustained efforts, we are striving to help your business sustain and grow during the COVID-19 pandemic. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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List of Key Companies Profiled in the Cheese Market Report:Glanbia Plc (Kilkenny, Ireland )The Kraft Heinz Company (Chicago, Illinois)Lactalis International (Laval, France)Winsleydale Creamery (Yokshire, U.K.)Royal FrieslandCampina N.V. (Amersfoort, Netherlands)The Ilchester Cheese Company (Ilchester, United Kingdom)Arla Foods Group (Viby, Denmark)Dairy Farmers of America, Inc. (Kansas, United States)Saputo, Inc. (Montreal, Canada)Fonterra Co-operative Group Limited (Auckland, New Zealand)Chicago Mercantile Exchange (Illinois, United States)
Market DriverPotential Benefits of Cheese for Diabetics to Create New OpportunitiesCheese offers many health advantages to people with diabetes as it contains not only fats but also proteins and calcium. Proteins, for instance, are critical in balancing the blood glucose spikes that diabetics often experience after eating fatty foods. Most cheeses have a healthy amount of proteins and almost no carbohydrates. For example, 1 ounce of parmesan cheese contains 10 grams of proteins, while cheddar consists of 7 grams.Moreover, academic research has shown that a balanced intake of cheese daily can lower the risk of developing type2 diabetes. For example, a study published in the American Journal of Clinical Nutrition in 2012 revealed that eating two cheese slices per day can reduce the risk of diabetes by 12%. A more recent study conducted by the University of Alberta in Canada in 2019 found that eating regular or low-fat cheeses can aid in regulating blood sugar levels and improve insulin sensitivity. Thus, as awareness about the benefits of cheese for diabetics spreads, its consumption is likely to remain high for the foreseeable future.
As per the report findings, the global market value stood at USD 118.36 billion in 2019. The salient highlights of the report include:Tangible insights into the market drivers, trends, and restraints;Precise computation of relevant market values and figures;Granular analysis of the different market segments; andA comprehensive evaluation of the regional dynamics & competitive landscape of the market.
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Regional InsightsNorth America to Showcase Excellent Growth Trajectory; Europe to Dominate Market ShareThe North American cheese market is expected to expand and grow at a considerable CAGR during the forecast period owing to the surging demand for clean-label and sustainable dairy products. Consumer inclination towards safer, natural, and healthier food products over the past few years has impelled companies in the region to develop natural food products, which is feeding the regional market growth. In 2019, the region’s market size stood at USD 29.08 billion.Europe, however, is anticipated to dominate the cheese market share in the forthcoming years due to the well-entrenched foodservice industry in the region. Moreover, increasing consumption of processed cheese and growing demand for vegan milk products will further boost the market prospects in the region. In Asia Pacific, rising disposable incomes and spreading awareness about the health benefits of cheese will propel the market in the coming years.
Competitive LandscapeExpanding Consumer Access to Novel Cheese Products to be the End Goal for Key PlayersLeading companies in the cheese industry are leveraging their distribution channels to improve and expand consumer access to their innovations. To attain this goal, key players are making strategic investments and partnering with retail outlets to strengthen the visibility of their products and thus cement their position in the market.
Key Industry Developments:August 2020: West Australia-based Brownes Dairy announced the production of cheddar cheese from fresh milk procured from dairy farmers in Western Australia. This move will make Brownes the only dairy company in West Australia to make traditional cheddar cheese from local milk in 14 years.February 2020: California-based Miyoko’s Creamery introduced the Cultured Vegan Pizza Mozz, its newest plant-based mozzarella cheese product. The new cheese looks and tastes like its regular counterpart and can be used in Italian-style dishes, steak sandwiches, lasagnas, and pizzas.
Browse Detailed Summary of Research Report with TOC:https://www.fortunebusinessinsights.com/cheese-market-104293
Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesEmerging TrendsKey InsightsOverview of the Parent/Related MarketsIndustry SWOT AnalysisSupply Chain and Regulatory AnalysisRecent Industry Developments – Policies, Partnerships, New Source  Launches, and Mergers & AcquisitionsQualitative Analysis Related to COVID-19Impact of COVID-19 on the MarketSupply Chain Challenges amidst PandemicPotential Opportunities due to this Global CrisisGlobal Cheese Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Size Estimates and Forecast By SourceAnimal-basedPlant-basedBy Product TypeCheddarMozzarellaParmesanFetaOthersBy TypeProcessedNaturalBlockSpreadableHard & Soft CheeseBy Distribution ChannelSupermarkets/HypermarketsSpecialty StoresConvenience StoresOnline RetailBy RegionNorth AmericaEuropeAsia PacificSouth AmericaMiddle East & AfricaTOC Continued…!

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Have a Look at Related Research Insights:Cheese Analogue Market Size, Share & Industry Analysis, By Type (Non-dairy Cheese Analogues, Dairy Cheese Analogues, Partial Dairy Cheese Analogues), By Application (Bakery Products, Cereal-based Foods, Sauces & Dressings, Processed Meat, Fish & Poultry, Dairy Products) and Regional Forecast, 2020-2027Cheese Powder Market Size, Share & Industry Analysis, By Type (Cheddar, Mozzarella, Parmesan, Blue Cheese, Others), By Application (Ready-to-cook/Ready-to-eat Meals, Sauces, Dressings, and Dips, Bakery Snacks & Dessert, Soups) and Regional Forecast, 2019-2026Cheese Ingredients Market Size, Share And Global Trend By Cheese Type (Natural, Processed), By Ingredients (Milk, Enzymes, Additives, Cultures), And Geography Forecast Till 2026Dairy Market Size, Share & Industry Analysis, By Product Type (Fluid Milk, Flavoured Milk, Drinkable Yogurt, Cheese, Ice-Cream, UHT Milk, Milk Powder, Others), By Distribution Channel (Specialty Retailers, Hypermarkets/Supermarkets, Convenient Stores, Online Channels, Others) Others and Regional Forecast, 2019-2026
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:Fortune Business Insights™ Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune – 411045, Maharashtra, India.Phone:US: +1 424 253 0390UK: +44 2071 939123APAC: +91 744 740 1245Emailsales@fortunebusinessinsights.comFortune Business Insights™LinkedIn | Twitter | Blogs

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